BASF Venture Capital is to invest in LanzaTech, a biotech company headquartered in Chicago (USA). Using special microbes, LanzaTech has developed a technology for gas fermentation that first enables ethanol to be produced from residual gases containing carbon monoxide and hydrogen. By re-using waste streams instead of incinerating them, industrial companies can reduce carbon dioxide emissions.
LanzaTech, and its joint venture partner, Shougang Group, a leading Chinese iron and steel producer, announced the successful start-up of the world’s first commercial facility converting industrial emissions to sustainable ethanol. The facility, located at the Jingtang Steel Mill in Caofeidian in Hebei Province, began operations on May 3.
“Our goal is to reduce carbon and to do this we must adopt new approaches by using alternative feedstocks, including existing wastes and residues instead of fossil. Today we have an abundance of carbon in all the wrong places. We can turn it from a liability to an opportunity by using it again and again”. Jennifer Holmgren, CEO of LanzaTech, on of the most dynamic and growing bioeconomy companies at world level, talks to Il Bioeconomista, in an interview released after the Bioeconomy Investment Summit, which was held on December 14 in Helsinki.
Interview by Mario Bonaccorso
“Imagine wearing yoga pants made from recycled carbon!” said LanzaTech Ceo, Jennifer Holmgren. “We want people to have a choice of where their carbon comes from. Fresh fossil or recycled, ‘carbon smart’, products. Much like the idea of buying organic, fair trade or recycled products, we see a future where you can walk into a store and make a conscious decision to buy everything from a chair to running shoes made from recycled carbon. This future is now possible through advancements in synthetic biology which enable the production of targeted molecules.”
There is a new partnership in the world bioeconomy. Indian Oil Corporation Limited, India’s flagship national oil company and, LanzaTech, carbon recycling company based in Illinois, signed a Statement of Intent to construct the world’s first refinery off gas-to-bioethanol production facility in India.
US carbon recycling company LanzaTech has been selected by the Department of Energy’s Bioenergy Technologies Office (BETO) to receive a $4 million award to design and plan a demonstration-scale facility using industrial off gases to produce 3 million gallons/year of low carbon jet and diesel fuels. The facility will recycle industrial waste gases from steel manufacturing to produce a low cost ethanol intermediate “Lanzanol”. Both Lanzanol and cellulosic ethanol will then be converted to jet fuel via the “Alcohol to Jet” (ATJ) process developed by LanzaTech and the Pacific Northwest National Laboratory (PNNL).
Aemetis, an advanced fuels and renewable chemicals company founded in 2006 and headquartered in Cupertino, California, announced last Thursday the acquisition of exclusive rights to award winning, carbon recycling company LanzaTech’s patented technology for the conversion of agricultural waste, forest waste, dairy waste and construction and demolition waste (CDW) to ethanol in California.
Global Bioenergies and LanzaTech announce the signature of a new collaboration agreement to broaden the feedstock flexibility of Global Bioenergies’ Isobutene process and the product-portfolio of LanzaTech’s carbon capture technology.
The bioeconomy is innovation, the result of the skills and passion of researchers and managers able to create value and new high-qualified jobs. At the end of 2014 Il Bioeconomista launched a new initiative: The 10 Most Innovative Bioeconomy CEOs. We ask a panel of world bioeconomy experts to tell us the Chief Executive Officers that have stood out as the most innovative during the last year.
This is the result in 2015:
ArcelorMittal, the world’s leading steel and mining company, LanzaTech, the carbon recycling company, and Primetals Technologies, a leading technology and service provider to the iron and steel industry, announced last Monday they have entered into a letter of intent to construct Europe’s first-ever commercial scale production facility to create bioethanol from waste gases produced during the steelmaking process.